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Rizwan Bhatti

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IMF gives $1.39bn under RFI

Pakistan Wednesday received inflows amounting to $ 1.39 billion from the International Monetary Fund (IMF) under the Rapid Financing Instrument to address the economic impact of the COVID-19 shock.
Published 23 Apr, 2020 02:53am
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July-March FDI jumps 137 percent YoY

Foreign Direct Investment (FDI) in Pakistan rose sharply, ie, by 137 percent YoY during the first nine months of this fiscal year (FY20).
Updated 21 Apr, 2020 05:23pm
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FE-25 deposits: State Bank cuts SCRR by 5 percent

In order to provide liquidity comfort to banks, the State Bank of Pakistan (SBP) Friday cut the Special Cash Reserve Requirement by 5 percent against deposits raised under foreign exchange circular (FE-25).
Published 18 Apr, 2020 12:00am
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Policy rate cut to 9 percent on virus fears

The Monetary Policy Committee (MPC) of State Bank of Pakistan (SBP) in its emergency meeting held on Thursday decided to further cut the key policy rate by 200 basis points (bps) to 9 percent to minimize the Coronavirus shock on economic growth. This is t
Published 17 Apr, 2020 12:00am
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Sukuk auction announced to finance budget deficit

The State Bank of Pakistan (SBP) on Monday announced the auction for three-year Government of Pakistan (GoP) Ijara Sukuk to raise some Rs 225 billion in the next three months for the federal government.
Published 14 Apr, 2020 12:00am
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Businesses offered scheme by SBP to avert layoffs

The State Bank of Pakistan (SBP) has introduced a temporary refinance scheme to incentivize businesses to not lay off their workers during COVID-19 Pandemic. This scheme is expected to ease cash flow constraints of the employers for timely payment of the
Published 11 Apr, 2020 12:00am
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Refinance Schemes: SBP allows deferment of loans for a year

The State Bank of Pakistan (SBP) has announced to extend the scope of financial relief package to borrowers availing loans under Refinance Schemes. Now, the borrowers of SBP's refinance schemes will be allowed for deferment in repayment of principal amoun
Published 04 Apr, 2020 12:00am